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Words: | Submitted: Fri Jan 28 2005
... The next being Privatisation, government owned enterprises such as Banks, Railroads, electricity being sold to private investors in the interest of better efficiency. This has lead to minorities dominating wealth and fundamentally making the pubic pay more. The third main attribute of neo-liberalism is Deregulation; this is basically the condensing of government regulation on all aspects which could diminish profits, together with protecting the environment and safety on the job. (Source: Google search)_ world debt The Malthus Factor: Population Poverty and Politics in Capitalist) All these attributes of neo-liberalism has many implications to a countries stability and economic growth. As these policies were imposed on several countries in a form of improving economic strength, it has in fact allowed the elites to take control of capitalism, widening the gap between the poor and the rich. Overall neo-liberalism has in fact benefited the rich and smothered the poor directly as government control ...
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